This study examines the impact of culture on regulation and corruption. Our empirical results suggest that cultural values have significant effects on countries’ regulatory policies, levels of corruption, and economic development. Contrary to the conclusions drawn by others, this study shows...

The sub-prime crisis has rejuvenated a public dialogue about the regulation of financial systems. This paper examines the impact of culture on the regulation of bank entry. Based on data from 53 countries, the paper's empirical estimations are inconsistent with the prediction of ‘public choice...

Purpose – The purpose of this paper is to identify the reasons for the differences of executives' compensation across industries from the managerial discretion perspective.Design/methodology/approach – Based on the data from 37 manufacturing industries from 2002 to 2007 in China, managerial...

<heading format="display" id="h1" implicit="yes" level="1">Abstract</heading> This study empirically focuses on examining the hypotheses of export premium (exporters are more productive than non-exporters), selection-into-exporting (more productive firms are ones that tend to become exporters) and learning-by-exporting (new export market entrants have higher...

We present evidence about the role of rent sharing in fostering the interdependence of labour markets around the world. Our results draw on a firm-level panel of more than 2,000 multinationals and more than 5,000 of their affiliates, covering 47 home and host countries. We find considerable...

A novel reformer with porous ceramic oxygen distribution tube circled by electric wire for inspiring hot electron was designed for auto-thermal reforming of biomass raw fuel gas to produce syngas (H2+CO). The temperature of auto-thermal reformer was nearly uniform due to the excellent...

In this paper, we undertake a meta-analysis to investigate whether country-level macroeconomic factors can help explain the inconclusiveness of existing evidence on the firm-level productivity–exporting relationship – the so-called learning-by-exporting hypothesis. Using 34 studies that...

This study examines how board leadership structure (CEO duality) affects the corporate governance of corporatized state-owned firms where the state shareholders use these firms to serve both profit and non-profit objectives. We propose that CEO duality will generate a positive (negative)...